REAL ESTATE PAM WALKLEY
Buying a home remains a dream for many Australians. Even though prices are falling, they remain high in most areas.
The average median of the combined capital cities was $770,000 at the end of 2022, according to CoreLogic, and the Sydney median was just over $1 million.
Rising interest rates – the cash rate has risen from 0.10% in April 2022 to 3.10% at the end of 2022, with more rises predicted – are another big hurdle for buyers.
All this means they may need to broaden their horizons to find an affordable family home.
This applies to first